A relatively large %. -- I won't say specifically, because some of you may think i'm full of stuff, or a crazy gambler (who knows, maybe i am) I'm aiming for great account growth; not slow steady safe returns.
Depends what market you trade, and at what time you trade it. For US blue chip stocks, one long and one short trade setup, automatically calculated using average prices, with a R:R of 1:5. The key, as with all trading, is your entry price, and the least risky entry price can be found at certain times. I disagree with back testing, as it makes more sense to forward test. Your biggest problems will be listening to too many people talk about too many things! Forget about everyone else, use common sense, do your own thing, and you will probably do a lot better than most, once you keep your risk small and don't get sucked into trading just for the sake of trading. J_S
More important than entry is risk. Risk is a combination of size and ticks. By that I mean, if one can't time perfectly, One should decrease his size to decrease false negatives. By allowing our trade to handle more uncertainty, at low risk.
Buy one Sell two. Buy three Sell four. Tell me more about that muddle. Or you'll try to find another synonym?
this average makes as a much sense as the average temperature of all the patients in the hospital... I do not believe in daily profit targets, I believe in working method (famous terrorist and Nobel prize winner ( for peace ) Yasir Arafat once said: "I do not believe in communism, Maoism, or capitalism, I believe in AK-47")
Correct risk % per trade, or size per trade, is a pre req to success, but without perfecting entries one will find it very hard to make any money worth talking about. The R:R is the key, as you do not have to trade as much, which means risking less, if you have a 1:5 as opposed to a 1:2. What enables a good R:R to be achieved! J_S
There is no formula for success. If it's that your profits must outweight your losses. Theoretically, one should have an antifragile as well as an anticipatory system. By Antifragile I refer to the Payoff (R:R). By Anticipatory I refer to the probabilities (Timing). There a lots of subtilities. But nothing's worth experience. Even not these abstract concepts, guidlines. One don't need to know about differential equations to ride a bicycle. But it's still valuable to know stuffs about how not to blow up.